Flight tracking company FlightAware has filed a lawsuit against prediction market platform Kalshi, alleging unauthorized use of its flight data and brand in flight-cancellation betting markets. FlightAware is seeking court orders to halt Kalshi's use of its information.
Prediction market platforms Kalshi and Polymarket recorded a combined $50.59 billion in trading volume during July 2026, setting a new monthly record driven by strong interest in FIFA World Cup betting markets and sports contracts.
George Santos, the former Republican congressman expelled from the House in 2023, has settled an investigation into unlawful trading related to wagers he placed on prediction market Kalshi, paying $35,000 to resolve the probe.
New York's attorney general has filed a lawsuit against prediction market platform Kalshi, claiming the company operates illegal gambling operations without proper licensing. The legal action follows similar suits against cryptocurrency exchanges Coinbase and Gemini.
Binance.US CEO Stephen Gregory announced the exchange will apply for a CFTC Designated Contract Market license next month to launch prediction markets, joining competitors Gemini, Coinbase, Robinhood, Kalshi and Polymarket in the space.
A federal judge granted a preliminary injunction Monday blocking Minnesota from enforcing a new law that would have made it the first state to ban prediction markets like Kalshi and Polymarket. The ruling came days before the law was set to take effect, with the judge finding it likely conflicts with the Commodity Exchange Act.
Institutional digital asset trading platform Talos has integrated with prediction market operator Kalshi, enabling hedge funds and market makers to access event contracts and crypto perpetuals through their existing trading infrastructure without separate connections.
Gabriel Perez, President Donald Trump's longtime teleprompter operator, has been placed on unpaid administrative leave and is under federal investigation by the CFTC for allegedly using insider knowledge to profit from bets on Trump's speeches on the prediction market Kalshi.
The CFTC and SEC issued a joint request for comment on clarifying definitions of 'swaps' and 'security-based swaps,' including for perpetual futures and event contracts, the same day CME Group announced plans to sue the CFTC over approval of perpetual futures for Kalshi and Coinbase.
Prediction market platform Kalshi announced it will require users to disclose their employers before trading certain contracts involving sensitive information, such as corporate earnings and product launches. The move addresses growing concerns about insider trading on the CFTC-regulated platform.
Prediction market platform Kalshi launched the first CFTC-regulated Bitcoin perpetual futures in the U.S. and applied for altcoin derivatives, while former congressman George Santos faces federal investigation for allegedly betting against his own attendance at a State of the Union address on the platform.
The Commodity Futures Trading Commission approved the first bitcoin perpetual futures contracts on U.S. regulated exchanges, with Kalshi and Coinbase Financial Markets receiving clearance to offer these products domestically. The landmark approval opens a product class that American traders have long accessed only through offshore platforms.
Crypto exchange Gemini obtained a DCO license from the CFTC, allowing it to act as an in-house clearinghouse for derivatives and prediction markets, positioning it to compete with Kalshi and Polymarket.
Brazil's Finance Ministry blocked 28 betting platforms including Polymarket and Kalshi, citing investor protection concerns and rising gambling addiction. Finance Minister Dario Durigan announced the sweeping ban affecting major prediction market operators.
Wisconsin Department of Justice filed lawsuit against five prediction market platforms, alleging their sports event contracts violate state gambling laws, citing platform language as evidence of gambling rather than investing.
Prediction market platform Kalshi penalized three congressional candidates—Mark Moran, Matt Klein, and Ezekiel Enriquez—for wagering on their own campaigns. Minnesota State Senator Matt Klein admitted placing bets out of curiosity, while Moran claimed he wanted to test Kalshi's response to insider trading.
Bernstein analysts forecast prediction market volumes will hit $1 trillion by 2030, identifying Robinhood and Coinbase as key distribution platforms. The firm sees 'asymmetric upside' for Robinhood with a $130 price target, noting sports betting as entry point rather than endgame.
A federal judge ordered Arizona not to bring enforcement actions under state law against prediction market Kalshi, at least temporarily, as DOJ and CFTC argue the platform's contracts are federally regulated swaps rather than state-level gambling.
A Nevada state judge extended a temporary restraining order against Kalshi's sports prediction markets, ruling that the platform's baseball game contracts are indistinguishable from ordinary gambling and require a gaming license. The order extends a ban originally issued on March 20.
The Commodity Futures Trading Commission filed lawsuits against Illinois, Arizona, and Connecticut, asserting exclusive federal jurisdiction over prediction markets under the Commodity Exchange Act. The suits challenge state cease-and-desist orders against prediction market operators.
Washington Attorney General filed lawsuit against prediction market operator Kalshi on Friday, alleging the platform offers gambling products disguised as prediction markets in violation of state regulations. This marks the latest state-level legal action against the company.
NYSE parent company ICE has completed a $600 million direct cash investment in prediction market platform Polymarket, bringing its total commitment to nearly $2 billion. The investment comes as prediction markets have surged past $20 billion in monthly volume, driven by geopolitics and macroeconomic event trading.
